OREANDA-NEWS. May 16, 2011. For the week of April 25-29, 2011 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 2,026.94 points (1.08%) from 2,049.03 points as of April 22, 2011. At the end of the week the RTS Index was 0.41% higher than a month ago (2,018.74 points as of March 29, 2011) and 27.58% higher than a year ago (1,588,75 points as of April 29, 2010).

Decline in prices on the stock market was accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 4.59%.

Over the week the US dollar lost 1.58% against the Russian ruble.

Out of 50 RTSI constituents 27 were pulling the Index down (down 27.10 points overall), whereas 13 securities had a positive impact (plus 5.01 points in total). The price for 10 securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (down 4.38 points), JSC "NOVATEK" (down 4.10 points) and JSC VTB Bank (down 3.62 points).

The positive impact was mainly related to the growing prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 2.29 points) and OJSC "Polyus Gold" (plus 1.18 points).

Over 50.65% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (19.69%) and metallurgy (14.88%).

On the sector level the major negative contributor was the oil & gas sector (down 11.77 points) and finance (down 8.02 points).

RTSI Futures Contracts

For the week of April 25-29, 2011 the trading volume in the RTSI derivatives amounted to 817.46 billion rubles or 7.34 million contracts. The turnover of futures contracts on the RTS Index made up 67.20% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 1.08%, June contracts and September contracts shed 1.00% and 0.76% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week June contracts were 34.89 points in backwardation, while for September contracts backwardation stood at 44.94 points.

For the week investor's open interest measured in contracts increased by 2.08%.

The RTS Standard Index

For the week of April 25-29, 2011 the RTS Standard Index experienced negative movement of prices.

The RTS Standard Index went down by 3.15% to 11,893.21 points (12,279.85 points as of April 22, 2011). At the end of the week the RTS Standard Index was 2.90% higher than a month ago (12,248.23 points as of March 29, 2011) and 19.45% higher than a year ago (9,957.02 points as of April 29, 2010).

Out of 15 constituents fourteen had a negative impact on the RTS Standard Index (down 393.35 points overall). One security moved positively (plus 6.70 points).

The most negative impact was mainly due to the falling prices for ordinary shares of Sberbank (down 83.04points) and JSC  "LUKOIL" (down 66.78 points).

The positive impact was mainly due to the growing prices for ordinary shares of OJSC "Polyus Gold" (plus 6.70 points).

Out of the blue chips the top fallers were ordinary shares of JSC VTB Bank that lost 6.7% followed by ordinary shares of "FGC UES ", JSC and JSC  Severstal that went down by 5.9% and 5.8% respectively.

The oil & gas sector accounted for 54.69% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (23.78%) and metallurgy (13.32%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight 1 in the 1 RTS 1 Index, % 1

GAZPS

Gazprom, ordinary

21.30%

16.93%

SBERS

Sberbank, ordinary

17.57%

13.97%

SBERPS

Sberbank, preferred

1.37%

1.09%

LKOHS

LUKOIL, ordinary

16.83%

13.38%

GMKNS

NORILSK NICKEL, ordinary

10.64%

8.46%

ROSNS

Rosneft, ordinary

8.09%

Ѓ  .43%

SNGSS

Surgutneftegas, ordinary

5.36%

4.26%

SNGSPS

Surgutneftegas, preferred

1.80%

1.43%

VTBRS

VTB Bank, ordinary

4.84%

3.85%

URKAS

Uralkali, ordinary

3.75%

2.98%

HYDRS

RusHydro, ordinary

2.52%

2.00%

FEESS

FGS UES, ordinary

1.95%

1.55%

CHMFS

Severstal, ordinary

1.90%

1.51 Ѓ 

TRNFPS

Transneft, ordinary

1.31%

1.04%

PLZLS

Polyus Gold, ordinary

0.78%

0.62%

Total

 

100.00%

79.52%

Second-tier stocks

For the week of April 25-29, 2011 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 0.45% to reach 2,317.07 points (2,327.56 points as of April 22, 2011). At the end of the week the RTS- 2 Index was 0.51% lower than a month ago (2,328.99 points as of March 29, 2011), and 20.81% higher than a year ago (1,917.97 points as of April 29, 2010).

17 constituents out of 58 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 22.85 points overall), whereas 14 instruments were offsetting this effect (plus 12.36 points). The price for 27 securities remained unchanged.

The negative impact was mainly due to the falling prices for ordinary shares of JSC "IDGC Holding" (down 7.05 points), OJSC "Magnit" (down 5.61 point) and JSC  Raspadskaya (down 1.92 points).

Most of the positive effect was related to the growing prices for ordinary shares of Opened Joint-Stock Company "Company "M.video" (plus 3.26     points)  and

"MOSTOTREST" (plus 1.95 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (32.71%), followed by the consumer goods & trading sector (17.72%) and metallurgy sector (15.77%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 10.4 points) followed by consumer and retail (down 2.7 points) and metallurgy (down 1.92 points).

RTS Siberia Index

For the week of April 25-29, 2011 stocks constituting the RTS Siberia Index showed a negative movement.

The RTS Siberia Index went down by 1.41% to close at 960.97 points (974.72 points as of April 22, 2011). At the end of the week the RTS Siberia Index was 2.02% lower than a month ago (980.80 points as of March 29, 2011) and 4.87% lower than a year ago (1,010.16 points as of April 29, 2010).

Out of the 10 component stocks four had a negative impact on the Index's dynamics (down 14.75 points). One security moved positively (plus 1.00 points). The price for five securities remained unchanged.

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of JSC "RusHydro" (down 5.72 points), JSC  Raspadskaya (down 5.62 points) and Southern Kuzbass Coal Company JSC  (down 1.74 points).

The positive effect had ordinary shares of JSC Gazprom Neft (plus 1.00 points) .

The power sector accounted for 42.3% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (37.3%) and oil & gas (15.3%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

2,026.94

-1.08%

0.41%

7.50%

27.58%

RTS Standard Index

11,893.21

-3.15%

-2.90%

-0.37%

19.45%

RTS-2 Index

2,317.07

-0.45%

-0.51%

0.25%

20.81%

RTS Metals & Mining Index

375.31

0.33%

0.18%

1.21%

29.40%

RTS Oil & Gas Index

241.44

-1.26%

1.39%

13.03%

25.44%

RTS Consumer & Retail Index

440.54

0.62%

-0.08%

-2.08%

40.42%

RTS Industrial Index

233.13

-0.52%

-2.50%

-0.50%

41.45%

RTS Finances Index

469.33

-1.02%

-4.35%

-4.11%

13.33%

RTS Electric Utilities Index

260.61

-1.94%

-2.54%

-8.24%

-6.72%

RTS Siberia Index

960.97

-1.41%

-2.02%

-5.43%

-4.87%

Russian Volatility Index

24.2675

4.59%

-3.77%

-2.13%

-21.73%

Over the week of April 25-29, 2011, the RTS Index went down by 1.08% to reach 2,026.94 points (2,049.03 points as of April 22, 2011). The RTS Standard Index, the blue chips index, lost 3.15% to reach 11,893.20 points (12,279.85 points as of April 22, 2011).

Last week's drop on the stock market was accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 4.59% to reach 24.27 points (23.20 points as of April 22, 2011). Last week most of the key economy sectors represented on the Russian stock market demonstrated a negative trend. The largest downturn was reported by the power sector, with the RTS Electric Utilities Index decreasing by 1.94%. A significant decrease was also shown by the oil & gas and finance sectors, with the RTS Oil & Gas Index and RTS Finances Index going down by 1.26% and 1.02% respectively. Nonetheless the consumer and metallurgy sectors showed a slight upturn, with the RTS Consumer & Retail Index and RTS Metals & Mining Index growing by 0.62% and 0.33% respectively. The regional index, RTS Siberia Index, lost 1.41%.

The US dollar depreciated by 1.58% against the ruble to reach 27.50 rubles per US dollar (27.94 rubles as of April 22, 2011).